| 单词 | joint production |
| 释义 | joint production Production where the processes giving outputs of different goods are connected. Producing the goods concerned separately would result in increased costs. Where one good would still be economic to produce even if the other had no market or required costly disposal, the other good is a by-product. In many cases joint production is an obvious result of natural phenomena: for example, nature equips chickens with both wings and breasts. In other cases joint production is undertaken because it offers firms economies of scope, allowing expensive equipment to be more fully used. |
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